Invictus RG lessened its position in shares of Kforce Inc. (NASDAQ:KFRC) by 23.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,294 shares of the business services provider’s stock after selling 1,975 shares during the quarter. Invictus RG’s holdings in Kforce were worth $237,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new position in Kforce in the 3rd quarter valued at about $223,000. Zebra Capital Management LLC acquired a new position in Kforce in the 2nd quarter valued at about $217,000. Baird Financial Group Inc. acquired a new position in Kforce in the 2nd quarter valued at about $226,000. Paloma Partners Management Co acquired a new position in Kforce in the 2nd quarter valued at about $281,000. Finally, WINTON GROUP Ltd acquired a new position in Kforce in the 3rd quarter valued at about $319,000. 82.33% of the stock is owned by institutional investors and hedge funds.
Shares of KFRC stock opened at $29.50 on Friday. Kforce Inc. has a twelve month low of $23.80 and a twelve month high of $43.51. The stock has a market capitalization of $785.87 million, a P/E ratio of 14.29 and a beta of 1.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.66 and a quick ratio of 2.66.
Kforce (NASDAQ:KFRC) last announced its earnings results on Wednesday, October 31st. The business services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $355.45 million during the quarter, compared to analyst estimates of $356.89 million. Kforce had a net margin of 3.40% and a return on equity of 36.45%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, analysts expect that Kforce Inc. will post 2.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, December 6th. Kforce’s dividend payout ratio (DPR) is 45.86%.
KFRC has been the subject of several analyst reports. ValuEngine downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. BidaskClub downgraded shares of Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Credit Suisse Group initiated coverage on shares of Kforce in a research note on Friday, August 10th. They issued a “neutral” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.40.
In other Kforce news, Director Gordon Tunstall sold 6,000 shares of Kforce stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $30.40, for a total value of $182,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph Struzziero sold 3,000 shares of Kforce stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $39.55, for a total value of $118,650.00. Following the completion of the sale, the director now owns 41,535 shares of the company’s stock, valued at approximately $1,642,709.25. The disclosure for this sale can be found here. Insiders sold a total of 35,438 shares of company stock valued at $1,217,692 in the last 90 days. 13.30% of the stock is owned by company insiders.
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Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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